Meru Lands $12M C Round

SUNNYVALE, Calif. -- Meru Networks, the global
leader in enterprise VoIP mobility infrastructure, today announced that it has
secured $12 million in Series C funding, bringing the company's total amount
of funding to $42.7 million to date. BlueStream Ventures, Clearstone Venture
Partners and NeoCarta Ventures led the round.

The new round of funding will be used to continue scaling Meru's sales
force to address the company's key market opportunities for Voice over IP and
Wireless LANs. Specifically, Meru plans to significantly increase its sales
team, channels and engineering resources to take advantage of sizable market
opportunities in both the enterprise and service provider arenas. According
to the Dell'Oro Group, Meru's total available market opportunity for
Enterprise-class WLAN equipment revenue is estimated to be $1.3 billion in
revenue, growing to $3.7 billion in 2009.

"Meru's Cellular WLAN technology truly represents a technological leap
that goes beyond any product in the wireless LAN market today," said Andre
Turenne, Managing Director at NeoCarta Ventures. "Enterprise customers are
searching for ways to lower costs, increase productivity and future-proof
their wireless LANs for the inevitable convergence of voice and data and Meru
has stepped up to the plate with a unique architecture that enables them to
meet all of these requirements."

William Quigley, Managing Director at Clearstone Venture Partners,
commented, "We are impressed with the substantial momentum Meru has already
attained and are eager to help the company address the growing prospects in
the Voice over IP and WLAN markets. With this latest infusion of cash, Meru
can invest more in its sales and engineering teams to take full advantage of
these sizable opportunities."

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